Mantradao has formed a perfect cup on the weekly chart and hit a new all-time-high in the last 24 hours. It now has strong support around 50 cents with a 0.618fib golden pocket giving support at 32. Next macro target is $1 as this will most likely be a key psychological level, although the 1.618 fib extension target (not shown) would now be $1.15. As the...
Hats off to @jeremy_bearimy for suggesting a redraw the top side of last week's rather slap-happy triangle, incorporating the "breakout" to its inside. This now extends the triangle along the trend line by several days and hopefully will give people more time to DCA. ;)
Mantradao's OMBTC pairing on Binance appears to be forming an ascending triangle which could be a reversal pattern. It's arguably working on an inverse head and shoulders if you squint hard enough). If it were to break to the upside, the indicated price target would be around 900sats. However, one must remember that this is a very new chart and be accordingly cautious.
The graph appears to have broken out of its symmetrical triangle and be in the process of bouncing off a retest. Extending from the base of the triangle to the beginning of this young chart produces an ascending trend line giving support. The chart structure now shows key support and resistance levels, with the next upwards target at $2.20, although $2 may also...
Mantradao's OM token has had a fairly standard price spike following its listing on Binance. After breaking out of a descending wedge, its next bullish target looks to take it back up to the level it was trading at last September. Link to article on Binance effect here: bitcoinexchangeguide.com
GRTUSD retraced down to the golden pocket and has been ranging sideways for a while and has provided a great opportunity to accumulate. Does a symmetrical triangle suggest an imminent breakout?
Mantradao is doing well today following its Binance listing. Statistically these listings can result in a 106% price spike, though even that would still be below its previous ATH.
After a fun week, GRTUSD has bounced off the .786fib/200EMA on the 4 hour chart. After multiple rejections at the 0.5fib, a move up looks imminent, with next major resistance likely at 2.2usd.
After bouncing off the 4hr 200EMA from a descending broadening wedge, OMUSDT's cup and handle speculated previously appears to remain in play. OM's seen a fair bit of price action around this level before, so we might bounce around here a while longer. However, if the market remains bullish we could soon se a breakout up to around the 50cent mark indicated by the crockery.
GRTUSD on the 4 hour is looking interesting as the recent downtrend seems about to collide with the 200EMA. The next few days could see some big moves.
Not as symmetrical as I'd like to see a cup and handle, but given where we are in the crypto market cycle overall I remain optimistic for a decent breakout to the upside soon. It'd probably be a stronger signal if the handle continues a little further. I'm not particularly bothered by the high left hand side of the cup, as this is a new chart which includes a...
This young chart has given us a wee Loch Ness monster, but is it going to snort a break to the upside or just have a runny nose?
Mantradao's OM token has made some significant gains against usdt. It is now a matter of seeing if this pattern will continue.
Looking for a crypto that's only just starting to pump?
Looking at the fib levels, my next target for a long entry for CRO/BTC might be around 75 sats. Is this too bearish?
CROBTC seems to be showing some bullish divergence on the 2 hour chart with the MACD. RSI remains pretty pancake-like at the moment and this could well prove to be a false positive. That being said, it might be worth watching.
CRO could be looking promising against BTC again. The MACD on the daily appears to be about to cross up and we could be looking at a breakout from a bullish pennant. If the pennant were to break out as imagined, it would imply a target of around 850 sats. Looking at a slightly longer time frame, this would form an ABC breakout from a (very dubious) cup and handle...